500.com Limited (WBAI) Can’t Burn Your Long Portfolio. Has Another Strong Session

February 15, 2018 - By Clifton Ray

The stock of 500.com Limited (NYSE:WBAI) is a huge mover today! The stock increased 16.96% or $2.23 during the last trading session, reaching $15.38. About 519,288 shares traded or 281.87% up from the average. 500.com Limited (NYSE:WBAI) has declined 43.18% since February 15, 2017 and is downtrending. It has underperformed by 59.88% the S&P500.
The move comes after 9 months positive chart setup for the $627.58 million company. It was reported on Feb, 15 by Barchart.com. We have $16.46 PT which if reached, will make NYSE:WBAI worth $43.93M more.

500.com Limited (NYSE:WBAI) Ratings Coverage

Among 2 analysts covering 500.Com (NYSE:WBAI), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. 500.Com had 2 analyst reports since November 13, 2015 according to SRatingsIntel. ValuEngine downgraded it to “Strong Sell” rating and $12 target in Friday, May 12 report.

More notable recent 500.com Limited (NYSE:WBAI) news were published by: Prnewswire.com which released: “500.com Welcomes Tshinghua Unigroup as Strategic Investor” on June 09, 2015, also Seekingalpha.com with their article: “500.com to acquire online lottery company The Multi Group” published on May 26, 2017, Fool.com published: “Why 500.com Ltd Stock Dropped Today” on February 23, 2015. More interesting news about 500.com Limited (NYSE:WBAI) were released by: Seekingalpha.com and their article: “500.com: All Bets Are Off” published on April 01, 2015 as well as Prnewswire.com‘s news article titled: “500.com Limited Announces Strategic Investment in Qufan” with publication date: November 25, 2016.

500.com Limited provides online sports lottery services in the People's Republic of China. The company has market cap of $627.58 million. It operates as an aggregator and processor of lottery purchase orders from its registered user accounts. It currently has negative earnings. The firm offers a suite of online lottery services, information, user tools, and virtual community venues.

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